Eur/$, finally broke the key support….

In the Oct 20th email on eur/$ , affirmed the long position (rebought on Sept 29th email at 1.4590) but warned that risk was rising rapidly (lots of important, longer term resistance, see below, bear divergence on the daily macd, etc.). Said to use a very aggressive stop on an intraday break below the bullish trendline from early Oct, as it could trigger a further downside acceleration. Warned about that key support numerous times since. The market has just tumbled below there (currently at

Some great bear market investing tips in this post.

This entry was posted on Tuesday, October 27th, 2009 at 3:59 am and is filed under Investing. You can follow any responses to this entry through the RSS 2.0 feed. You can skip to the end and leave a response. Pinging is currently not allowed.

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